TL;DR

• The token at 0x6f9a850bc8246be5325f6f2cce31762e1205e91f on BNB Chain uses the ITHACA name but has no verifiable link to the official Ithaca Protocol token.
• The official Ithaca Protocol token on BNB Chain uses a different contract: 0x49f1d4db3ea1a64390e990c6debeac88eac007ca.
• Always verify the contract address on the project’s official channels before trading. If you do trade, use reputable venues and tools, and double-check the address.

What is Ithaca Protocol?

Ithaca Protocol is a decentralized options platform built to solve liquidity and execution pain points in DeFi options. It uses an auction-based matching engine to batch orders across instruments, aiming for deep liquidity, fair pricing, and protection against high-frequency trading and MEV.

Highlights:

• Founded by an ex–Goldman Sachs partner and an Amber Group executive.
• Raised $2.8M pre-seed led by Cumberland and Wintermute Ventures, and received a $20M investment related to its Odyssey Layer 2 initiative.
• Built with modular, composable infrastructure; cross-chain by design (operates on Arbitrum today, with plans for Base and Solana).
• User tools include a Telegram-native options bot and “IthacaGPT,” an AI assistant for strategy building.

Learn more at the official site: https://ithacaprotocol.io/

Token utility (official ITHACA)

For the official Ithaca Protocol ecosystem token:

• Governance: Vote on upgrades and key parameters.
• Platform benefits: Access to features and programmatic rewards.
• Staking incentives and fee discounts: Designed to align usage with value accrual.
• Activity-based distributions: Season-based points or airdrops that reward real usage.

Tokenomics snapshot (official ITHACA)

• Total supply: 1,000,000,000 ITHACA.
• Circulating supply: Various sources report roughly 65M–121M ITHACA during mid-August 2025 (figures vary by data provider and timing).
• Indicative allocations (reported): ~19.25% investors, ~20% staking incentives, ~20% team, ~18% treasury, with up to 2% for “Season One” airdrop.
• Market metrics (historical snapshots vary by source/date): mid-August 2025 price around $0.0067–$0.0083; ATH near $0.1843 (Dec 2024); ATL near $0.00493 (July 2025).

Note: Figures above reference the official token, not the address in question.

The contract in question: 0x6f9a850b... on BNB Chain

What we can say based on available data:

• It’s a BEP-20 token labeled “ITHACA” on BscScan: https://bscscan.com/token/0x6f9a850bc8246be5325f6f2cce31762e1205e91f
• There’s no clear, verifiable connection to the official Ithaca Protocol. The official BNB Chain address differs: 0x49f1d4db3ea1a64390e990c6debeac88eac007ca.
• No reliable pricing or active market data for this specific address appears on major aggregators. That usually signals very low liquidity, limited listings, or an abandoned/unauthorized token.

Possible explanations:

• A test or deprecated contract.
• An unrelated token that reuses the “ITHACA” name.
• A spoof intended to confuse the market.

Why this matters

Two tokens with the same ticker can exist on the same or different chains. The only reliable way to identify the legitimate asset is by its contract address—ideally cross-verified on the project’s official website and social channels.

If you intend to buy or sell ITHACA, make sure the address matches the official one for the chain you’re using. For BNB Chain, the official contract cited by reputable sources is 0x49f1d4db3ea1a64390e990c6debeac88eac007ca.

How to verify you’re interacting with the correct ITHACA

• Start from the official website: https://ithacaprotocol.io/ and follow links to official token addresses.
• Cross-check on trusted data sites (e.g., CoinGecko, CoinMarketCap) and confirm the same address appears across multiple sources.
• Inspect the token’s BscScan/Etherscan page. Look for verified contract code, socials, and consistent metadata.
• Avoid tokens with minimal holder activity, no verified socials, or no exchange presence.

Where to research and trade

If you’re researching or trading ITHACA, stick with reputable venues and always confirm the contract address before you transact.

• Research/trade portal: https://gmgn.ai/eth/token/fV1R5sZ5_0x6f9a850bc8246be5325f6f2cce31762e1205e91f
• Centralized exchanges (official ITHACA token availability varies by region and pair):
  • KuCoin: https://www.kucoin.com/
  • MEXC: https://www.mexc.com/
  • Gate.io: https://www.gate.io/
• Decentralized exchanges:
  • PancakeSwap (BSC): https://pancakeswap.finance/
  • Uniswap (Ethereum): https://uniswap.org/

Important: These platforms list the official Ithaca Protocol token pairs; always match the token’s contract address on the specific chain you’re using. Do not assume any token labeled “ITHACA” is the official one.

Technology highlights (official protocol)

• Auction-based matching engine: Batches orders to improve execution quality and liquidity while reducing MEV and HFT advantages.
• Collateral optimization: Helps manage capital for complex strategies.
• Cross-chain roadmap: Built on Arbitrum with bridging via Axelar; expansion to Base and Solana has been outlined.
• Accessibility tools: Telegram option bot and AI strategy assistant (IthacaGPT) to lower the learning curve for options.

Risks to consider

• Contract spoofing: Lookalike tokens with the same name can trap inattentive buyers.
• Liquidity risk: Off-brand contracts often lack volume, making entries/exits costly.
• Market volatility: The official token itself has shown wide price swings; unwarranted contracts can be even riskier.
• Data discrepancies: Supply and market cap figures can vary across trackers; rely on multiple sources and time-stamped data.

Bottom line

• The ITHACA token at 0x6f9a850bc8246be5325f6f2cce31762e1205e91f on BNB Chain does not have a verified link to the official Ithaca Protocol token.
• If you want exposure to Ithaca Protocol, verify the contract address from the official website and trusted aggregators before trading.
• Use reputable platforms, double-check addresses, and consider starting with a small test transaction to minimize risk.